Arkema acquires Dow’s flexible packaging laminating adhesives business
Arkema has agreed to acquire Dow’s flexible packaging laminating adhesives business, which generates annual sales of around US$250 million. The proposed acquisition will significantly expand Arkema’s portfolio of solutions for flexible packaging, enabling the Group to become a key player in this attractive market.
Arkema reports that Dow’s flexible packaging laminating adhesives business offers a broad range of high-quality solutions in food and medical applications, where flexible packaging is the optimal solution in terms of efficiency, as well as for industrial lamination (window films, photovoltaic backsheets, etc.).
The flexible packaging market is expected to grow at GDP+ in the coming years, driven in particular by the need for more sustainable and recyclable solutions. Boasting cutting-edge technologies, well-recognized brands such as ADCOTE™ and MOR-FREETM, and five state-of-the-art production sites in Italy, the United States and Mexico, Dow’s laminating adhesives business is one of the main historical solutions providers for the packaging industry, with presence in North America and Europe, according to the company.
The company reports that, combined with Bostik’s existing commercial presence, product offering and technological breadth for flexible packaging, this operation will enable Bostik to ideally complement its existing business, marking a step change and a unique opportunity for Bostik to position itself as one of the key global partners for customers across the packaging industry.
Source: Arkema